On Monday, most popular Chinese stocks saw an upward trend, with the Nasdaq China Golden Dragon Index (HXC) closing 4.05% higher. Among the gainers, Alibaba (BABA, Financial) rose 2.60%, Pinduoduo (PDD) added 2.71%, JD.com (JD) increased by 4.36%, and NetEase (NTES) gained 1.67%. Travel service company Trip.com (TCOM) surged 5.21%, while tech giant Baidu (BIDU) climbed 3.72%. Li Auto (LI) was up 1.18%, and Ke Holdings (BEKE) saw a 6.21% increase. Meanwhile, Bilibili (BILI) rose 7.65%, with VIPShop (VIPS) and Miniso (MNSO) both seeing gains of 4.36% and 10.45%, respectively.
Conversely, some companies experienced declines. Taiwan Semiconductor Manufacturing Company (TSM) dropped 4.27%, Advanced Semiconductor Engineering (ASE) fell 1.74%, and United Microelectronics Corporation (UMC) declined 4.13%.
In the broader market, U.S. stocks ended higher as easing tensions in the Middle East and a sharp over 6% drop in international oil prices boosted indices. As the busiest week of the U.S. earnings season begins, five of the seven major tech firms are set to release their earnings reports. Investors are also keeping an eye on U.S. third-quarter GDP, September's PCE, and October's non-farm payroll data.
The Dow Jones Industrial Average rose by 273.17 points, or 0.65%, to 42,387.57. The Nasdaq Composite increased by 48.58 points, or 0.26%, to 18,567.19, while the S&P 500 Index gained 15.40 points, or 0.27%, closing at 5,823.52.
Among the leading gainers, NIO (NIO) surged 10.46%, and Xpeng (XPEV) increased by 8.94%, highlighting strong performance in the electric vehicle sector.
